Director, Finance

About Us

Kitsap Credit Union is a not-for-profit, member-owned financial cooperative with more than 300 employees and 14 branches throughout Western Washington.
We have a passion for making a positive difference. As a $2+ billion-asset credit union, we are deeply committed to our members’ financial wellbeing and the prosperity and quality of life in the communities we serve. We are proud to be led by individuals with the experience and skills to drive our organization towards our goals for strategic growth and operational excellence.

Our KCU Cares Foundation program focuses on providing resources and support for those struggling with homelessness or hunger and improving the financial well‑being of the people in our communities. And beyond monetary efforts, we have provided thousands of hours in staff volunteerism and in‑kind support.

At Kitsap Credit Union, our success is built on trust‑based relationships and personalized service. We understand our employees are key to our success. They provide the personalized service to our members and contribute to the communities where we live. We are committed to providing a supportive, mission‑driven, and inclusive culture where employees can grow their careers. To learn more, visit kitsapcu.org.

Kitsap Credit Union is searching for a Director of Finance. The Director of Finance is responsible for ensuring integrity and credibility of the business plan development that includes loan, deposit, and liquidity quarterly and annual forecasts and the development of the financial contingency plans. This position will ensure asset/liability management, balance sheet and liquidity strategy development, investment portfolio analysis and management, budgeting, product and responsibility center reporting, and deposit and loan pricing models.

The position actively participates in all functions of planning, controlling, and overseeing the credit union’s finance reporting systems to support KCU’s financial management decision‑making and contributing to improvement in Operational Excellence.

• Reports to:
  
  VP, Finance
• Employment Type:
  
  Exempt, Hybrid, Salaried, Full‑time
• Salary Range: $ – $ depending on experience
• Bonus Target: 12% potential incentive of base pay
• Grade: 14BC
• Industry: Banking

• Perform financial forecasting and budgeting, which includes projecting the Balance Sheet and Income Statement, reporting on results, and monitoring operating metrics and trends.
• Report on actual to budget performance and prepare reporting for Management and Board of Directors review.
• Contributes to improvements to the overall budget and forecasting process. Owns components of the annual financial plan and underlying budget for the credit union.
• Analyze costs, activities, operations, and forecasts data to determine departmental progress towards stated goals.
• Oversee the preparation of financial reports to include reviews, analysis, and interpretations.
• Establishes projects and goals for each area of responsibility and tracks performance.
• Contribute to the development and execution of balance sheet and liquidity strategies.
• Prepare/contribute to asset/liability and finance committee materials.
• Contribute to or own other ad hoc analysis as needed including mergers and acquisitions, etc.
• Work closely with our external vendor to prepare the quarterly interest rate risk update used to evaluate interest rate risk exposure and alternative strategies when necessary. Provide data, update key assumptions, and review and create presentations of the results.
• Manage large confidential data sets involving deposit and loan data for statistical analysis.
• Analyze various revenue and balance sheet strategies in partnership with business leads and present meaningful results to Management for consideration.
• Develop and maintain pricing models for loan and share products.
• Coordinate the preparation of the annual operating budget for non‑interest income and expense in conjunction with department leads and other Finance personnel.
• Perform Credit Risk Management (CRM) analysis, including analysis of the qualitative factors affecting the Allowance for Loan Loss (ALLL) reserves and…